The REIT will add $500 million in capital through a senior secured loan, and it received a $1.65 billion term facility.
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The availability of some loans used to build homes dried up due to the coronavirus. Opening up the economy may help if it doesn't lead to a spike in infections, and if consumer demand persists.
June 16 -
Unemployment is high. Credit is tight. And scientists are warning that a dangerous second wave of the coronavirus is coming. But somehow, U.S. mortgage companies are having one of their best years in history.
June 16 -
Homebuilder sentiment improved in June as record-low interest rates and demand for more space spurred buyers to re-emerge after the coronavirus shut down sales and construction.
June 16 -
The REIT will add $500 million in capital through a senior secured loan, and it received a $1.65 billion term facility.
June 16 -
Shelter-in-place orders have given homeowners the time to pursue upgrades and repairs, and banks are seizing the opportunity to help finance the projects.
June 16 -
During a seven-day period earlier this month, there were 1,740 new home listings and 270 listings coming back on the market, and 2,065 pending sales, according to the Greater Metropolitan Association of Realtors.
June 16 -
The Federal Housing Finance Agency was supposed to finalize its original proposal this month, but will redraft it because it was drawn up before the coronavirus emerged as a concern.
June 15 -
The number of loans going into coronavirus-related forbearance ground down to a growth rate of 2 basis points between June 1 and June 7, according to the Mortgage Bankers Association.
June 15 -
A Clever Real Estate survey found a significant share of new borrowers are not making their full payment.
June 15 -
Albuquerque, N.M., home prices continue to outpace last year's figures, but there's reason to think the summer home-buying season might be quieter than anticipated.
June 15